Loblaw sales rise in Q4

Loblaw Cos. Ltd. said this week its Q4 profits grew to $14 billion, compared to $12.8 billion in the comparable period of 2021. Same-store sales rose by 8.4 percent in food and 8.7 percent in drug categories. Earnings of $1.62 per share were down from $2.20 per share a year earlier, but on an adjusted basis they rose to $1.76 from $1.52 per share, beating analyst estimates.